viewMillennial Lithium

Millennial Lithium files positive feasibility study for Pastos Grandes

The report showed the project in Salta, Argentina has the potential to be a 'robust' lithium carbonate producer with low costs

Millennial Lithium -
The report put the net present value (NPV) at US$1,030 million after-tax at an 8% discount rate and an internal rate of return (IRR) of 24.2%

Millennial Lithium Corp (CVE:ML) (OTCQB:MLNLF) said it had now filed its earlier reported positive feasibility study (FS) for the Pastos Grandes project in Argentina.

The document, dated July 29 this year, was prepared by WorleyParsons Chile, Montgomery & Associates, and Peter Ehren, MSc, AusIMM (CP), the firm said in a brief statement on Friday.

READ: Millennial Lithium eyeing development at Pastos Grandes after positive bankable feasibility study

The report showed the project in Salta has the potential to be a 'robust' lithium carbonate producer with low costs.

The study envisaged production of 24,000 tonnes per year (TPY) of battery grade lithium carbonate - over 99.5% lithium carbonate equivalent (LCE) - and puts the total initial capital expenditure required at US$448.2 million, including direct and indirect costs.

The feasibility study is based on an operation using proven solar evaporation technology and conventional lithium brine processing and it puts the projected mine life at 40 years.

The net present value (NPV) was put at US$1,030 million after-tax at an 8% discount rate and an internal rate of return (IRR) of 24.2%.

Two stages

The production model is divided into two stages: 1) Start-Up Stage from Years 1-6 (first 6 years of production) and 2) Main Mining Stage from Years 7-40 (remaining 34 years of production).

In April this year, the company reported a near doubling of the previous tonnage in the measured and indicated category of the Pastos Grandes resource at 4.12 million tonnes LCE and inferred resources of 798,000 tonnes.

Shares added 4.05%  to C$1.54 each in Toronto.

Contact the author at giles@proactiveinvestors.com

Follow him on Twitter@Gile74

Quick facts: Millennial Lithium

Price: 2.7 CAD

Market: TSX-V
Market Cap: $264.09 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Millennial Lithium named herein, including the promotion by the Company of Millennial Lithium in any Content on the Site, the Company receives...


Millennial Lithium Corp releases positive feasibility study results on...

Millennial Lithium Corp (CVE:ML) Chairman Graham Harris joined Steve Darling in the Vancouver studio of Proactive to discuss the release of a pre-feasibility study on their Pastos Grandes project in Argentina. Harris telling Proactive the positive numbers in the study and why the company...

on 07/30/2019

2 min read